Oak Ridge Today

ORNL technology transfer continues strong upward trend

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Mike Paulus Technology Transfer

Mike Paulus, director of Technology Transfer, says initiatives like SPARK! have been effective at connecting entrepreneurs, investors, and industry experts with ORNL technologies and capabilities. (Submitted photo)

 

New methods are improving connections between private businesses and technology from the Oak Ridge National Laboratory, with 101 licenses and options executed during the last three years.

Mike Paulus, director of Technology Transfer, attributes the growth in large part to the Technology Innovation Program, Bridging the Gap, and SPARK! These programs helped the lab double the number of licenses for the fiscal years 2012-2014 compared to 2009-2011, and Paulus expects a new initiative, the Invention to Innovation Webinar Series, to help maintain the upward trend.

“We have a talented staff that has worked very hard to identify, develop, and market high-potential technologies that provide the best opportunities to licensees,” Paulus said. “Our two-pronged approach focuses on increasing the overall deal volume while at the same time concentrating on our most promising technologies.” [Read more…]

Startup company licenses ORNL tool that will help consumers lower energy bills

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Fiveworks Licenses ORNL Technology

Knoxville-based Fiveworx has licensed an Oak Ridge National Laboratory technology called CoNNECT that will help consumers reduce their utility bills by analyzing their home energy usage. CoNNECT inventors (from left) Olufemi Omitaomu and Budhendra Bhaduri talk with Fiveworx CEO Patrick Hunt. (Photo courtesy ORNL)

 

Knoxville-based Fiveworx has licensed an Oak Ridge National Laboratory technology that will help consumers reduce their utility bills by analyzing their home energy usage.

The ORNL technology, called Citizen Engagement for Energy Efficient Communities (CoNNECT), enables utility customers to easily monitor their energy consumption in a user-friendly Web-based platform. Fiveworx will apply the CoNNECT tool toward its mission to help utilities increase participation in their energy efficiency programs while reducing their marketing costs.

“Our goal is to motivate consumers to do five or more things to save money on their utility bills,” said Fiveworx CEO Patrick Hunt. “By combining principles of behavioral economics, consumer segmentation, big data, and predictive analytics, we help utilities give their customers a truly personalized energy savings plan that they’ll embrace and use to adopt energy efficient measures and behaviors.” [Read more…]